Determinants of Stock Volatility of Indonesian State-Owned Enterprises on the Indonesia Stock Exchange: A Panel-Data Modelling Approach with Firm Size as a Moderating Variable Determinants of Stock Volatility of Indonesian State-Owned Enterprises on the Indonesia Stock Exchange: A Panel-Data Modelling Approach with Firm Size as a Moderating Variable

This study examines the determinants of stock-price volatility among Indonesian State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) and tests whether Firm Size (FS) moderates these relationships. Five groups of explanatory features are integrated into a single model: macro fundamentals (MF), micro fundamentals (MiF), capital structure measured by Government Funding (GF), Stock-Market Volatility (SMV), and Market Liquidity (ML). Using a balanced panel of 24 listed SOEs ove...

This study examines the determinants of stock-price volatility among Indonesian State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) and tests whether Firm Size (FS) moderates these relationships. Five groups of explanatory features are integrated into a single model: macro fundamentals (MF), micro fundamentals (MiF), capital structure measured by Government Funding (GF), Stock-Market Volatility (SMV), and Market Liquidity (ML). Using a balanced panel of 24 listed SOEs ove...